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I was really hoping that Tesla and Toyota would form a partnership to build and service the Model 3. From a purely business point of view, I think this would ha
by chmaynard 10y ago
I was really hoping that Tesla and Toyota would form a partnership to build and service the Model 3. From a purely business point of view, I think this would have been a huge win for both companies.
Despite the success of the Prius, Toyota made a decision to focus exclusively on fuel cell technology and wasted 10 precious years. They lost that bet, and now they need access to Tesla's superior EV technology to catch up with the competition. Tesla has no experience with the formidable supply chain and production issues involved in building cars on a large scale. This is one of Toyota's great strengths.
Unfortunately, there seems to be some bad blood between Toyota and Tesla management. I suspect this may have prevented consideration of such a partnership.
(Disclaimer: I just decided to sell my modest investment in Tesla stock.)